Median Expected Lifetime Income (MELI) vs. GDP

I added another article to the Medianism FAQ: Why Is Median Expected Lifetime Income (MELI) Better Than GDP?

As I was writing it, I noticed a nice infographic at the Social Progress Imperative which tells about the long history of GDP (below).  I like their attempt to replace GDP, but I doubt that it will be any more successful than any of the other attempts due to its complexity.  I’ll explain more of my reasoning in my next FAQ article when I explain why MELI is better than the HDI.
Gdp Timeline Graphic

Posted in Medianism

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